Mexico will begin to use one of its greatest natural resources more efficiently following the announcement of President Felipe Calderon unveiling the building of various natural gas pipelines all over the country. With Mexico holding the world’s fourth largest reserves of shale gas, such extensive development will not be an issue in the near future.
President Felipe Calderon made the announcement at a ceremony held in the state of Sonora. President Calderon noted that there will be both private and public investments for the building of the gas pipelines. The $11 billion will cover around eight natural gas pipelines as well as the local distribution networks. The $8 billion investment will cover the gas pipelines and the $3 billion will be used for the expansion of the industrial and domestic gas distribution networks.
The eight gas pipelines will be designated in selected states of the country. One location will be built between Manzanillo and Guadajara. Another will be built in Puebla while the third will be in central Mexico, operating at different power plants including Tamazunchale, San Luis Potosi and El Sauz, Queretaro.
Other gas pipelines will be constructed in Chihuahua, Yucatan, Nuevo Leon, and Zacatecas as well as those in the Northwest between Sonora and Sinaloa.